Are doubtful debts allowed as deductible expenditure? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, doubtful debts are allowed as deductible expenditure, in alignment with the International Financial Reporting Standards (IFRS). Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore … Read more
What is the tax treatment of employee entertainment? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Employee entertainment costs will generally be deductible for Corporate Tax purposes provided they are incurred for business purposes Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate … Read more
Will a Corporate Tax deduction be available for revaluation losses and provisions? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The Corporate Tax implications of a revaluation loss hinge on whether the Taxable Person has chosen to recognize gains and losses based on a realisation principle. In cases where … Read more
Will remuneration paid to management be a deductible expense for Corporate Tax purposes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Compensation disbursed to a business’s management typically qualifies as an allowable expense for Corporate Tax purposes. Nevertheless, there are specific scenarios that can impact the deductible amount of … Read more
Will Value Added Tax paid be deductible for UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Only irrecoverable input Value Added Tax may be deductible for Corporate Tax purposes. Otherwise, Value Added Tax charged and Value Added Tax incurred would not impact the calculation of Taxable … Read more
Will the payment of a royalty to a foreign company in the worldwide group be deductible? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Ordinarily, a royalty payment to a foreign group company can be eligible for deduction when it constitutes a essential business expenditure. Furthermore, under UAE Corporate … Read more
Will dividends paid by UAE companies be deductible for Corporate Tax purposes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Dividends paid by UAE companies will not be deductible for Corporate Tax purposes. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: … Read more
Will my Interest expenditure be fully deductible? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The UAE Corporate Tax Law includes provisions aimed at regulating the deductibility of interest expenditure, primarily to discourage excessive reliance on debt financing and ensure that debt obtained through certain intra-group transactions is only … Read more
What expenditure will be non-deductible for the purposes of calculating Taxable Income? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Article 33 of the UAE Corporate Tax Law enumerates particular expenses for which deductions will not be permitted, including items such as bribes, fines, and penalties. Moreover, deductions are not … Read more
What expenditure will be deductible for the purposes of calculating Taxable Income? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course In the typical scenario, business expenditures that are incurred to generate Taxable Income are eligible for deductions, with certain exceptions and constraints as outlined in the Corporate Tax Law. The … Read more